Published on 9 Dec 2021 on Insider Monkey via Yahoo Finance

Hedge Funds Are Piling Into Globus Medical Inc (GMED)

The 800+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the second quarter, which unveil their equity positions as of September 30th. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive review of these public filings is finally over, so this article is set to reveal the smart money sentiment towards Globus Medical Inc (NYSE:GMED).

Globus Medical Inc (NYSE:GMED) was in 37 hedge funds' portfolios at the end of the third quarter of 2021. The all time high for this statistic was previously 35. This means the bullish number of hedge fund positions in this stock currently sits at its all time high. GMED investors should pay attention to an increase in enthusiasm from smart money in recent months. There were 35 hedge funds in our database with GMED positions at the end of the second quarter. Our calculations also showed that GMED isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings).

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, lithium prices have more than doubled over the past year, so we go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. Keeping this in mind let's check out the recent hedge fund action regarding Globus Medical Inc (NYSE:GMED).